Home » Tag Archives: Fraud (page 2)

Tag Archives: Fraud

Nigeria Shipping Magnate Drag to Court Over Breach of Contract

court logo

Three limited liability companies, Omegacity Ventures limited, Oshomak Ventures Limited and Steel works Limited have dragged one of the foremost Nigeria Shipping magnate Dr Taiwo Olayinka Afolabi and his company Sifax Group Nigeria limited before a Lagos high court over breach of contract of N90million. The companies are also demanding for general damages of N50million. In a statement of claim ...

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Alleged N40bn Fraud: Ekiti House of Assembly Gives EFCC 21-day Ultimatum to Investigate Fayemi, Others

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The Ekiti State House of Assembly has given the Economic and Financial Crimes Commission (EFCC), 21-day ultimatum to commence investigation into the allegation of N40 billion fraud made against the immediate past governor of the State and Minister of Mines and Steel Development, Dr Kayode Fayemi and others, or face legal action, accusing the anti-corruption commission of compromise. The House ...

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Keystone Bank, MD in trouble over N4bn illegal transaction

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These are not the best of times for Keystone Bank Limited and its managing director/chief executive officer, Mr. Phillip Ikeazor as the House of Representatives on Monday urged the Economic and Financial Crimes Commission to commence investigation into an alleged illegal movement of N4 billion from the Industrial Trust Fund’s account domiciled with the lender. Rep. Ibrahim Baba, the Vice ...

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Diezani Multi-million Mansions In Dubai (Photos)

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Following the handing over of evidence by the Economic and Financial Crimes Commission to the United Kingdom Crimes Agency,  exclusive photos of two Dubai mansions linked to former Nigerian Oil Minister, Diezani Alison-Madueke was obtained. The real estate properties located in Dubai’s high brow Emirates Hills marked as J5 Emirates Hills and E146 Emirates Hills are both valued at 74million ...

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Bank Chairman, Wale Adeduro Arrested Over Fraud

Wale Adeduro

Former chairman of Cashcow Microfinance Bank Ltd Igbosere Lagos island, Lagos State south West Nigeria, Dr Wale Adeduro who has eluded the police for over two years has been arrested by the men of the Nigeria Police Force from the Special Fraud Unit,of the Force Milverton Road,Ikoyi on the directive of the Inspector General of Police. The arrest of Dr ...

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EFCC Arrests Councilor, Six Others For Diverting IDPs’ Rice

EFCC Building

A supervisory councilor with Mafa local government area of Borno State, Umar Ibrahim, has been arrested by the Economic and Financial Crimes Commission, (EFCC) in Maiduguri over alleged diversion of 300 bags of rice meant for the Internally Displaced Persons (IDPs) in the area. Ibrahim, who supervises the local government’s agricultural department, was arrested alongside others named Bulama Ali Zangebe ...

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Oil Subsidy Fraud: Court Adjourns Trial Of Oil Marketer, Olaniran Ogundipe Till March 8.

Olaniran Ogundipe

A Lagos Federal High Court, has adjourned till March 8, the continuation of the trial of a petroleum marketer, Olaniran Ogundipe, and his company, Petroleum Broker Nigeria Limited, who standing trial before the court on alleged N1.323, 162, 160.76 billion fuel Subsidy fraud. Olaniran Ogundipe and his company were arraigned before the court 19th of March, 2014. The court presided ...

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N4.6billion Money Laundering Trial: Fanikayode Seeks Judge’s Recuse

Femi-Fani-Kayode

At the resumed trial of the Former Minister of Aviation,Chief Femi Fani-Kayode today there was a mild controversy as the former Aviation minister raised objection against his trial by the Economic and Financial Crimes Commission (EFCC) at the Lagos Division of the Federal High Court over alleged money laundering of N4.6 billion,contending that the appropriate division of the court for ...

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How Badeh Contracted Me To Build Churches, Mosques – Witness

Former Chief of Defense Staff Alex Badeh arriving to court

The trial of a former Chief of Defence Staff (CDS), Air Chief Marshal Alex S. Badeh (rtd), continued on January 12, 2017 with a prosecution witness, Joseph Okpetu, giving insight into how his company, Havco Nigeria Limited was paid the sum of N100million to build churches, a mosque and a civic centre in Badeh’s village in Adamawa State. Okpetu, who ...

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Malabu Oil Deal: I Did Not Ask Anybody to Receive Bribe On My Behalf – Jonathan

Goodluck Jonathan

Former President Goodluck Jonathan has reacted to the allegation that he received gratification to approve the controversial Malabu Oil transaction during his tenure. In a statement by his spokesperson, Ikechukwu Eze, in Abuja on Tuesday, Mr. Jonathan said he did not send businessman Abubakar Aliyu or any other person to receive bribe on his behalf during or after the negotiation. ...

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